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Lawlessness and Economics: (Record no. 18619)

MARC details
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
ISBN 9780691130347
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 330.1
Author Mark DIX
100 1# - MAIN ENTRY--AUTHOR
Author Name Dixit, Avinash K.
245 10 - TITLE STATEMENT
Title Lawlessness and Economics:
Sub-Title Alternative Modes of Governance
250 ## - EDITION STATEMENT
Edition statement 1st ed.
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of Publication New Jersey :
Name of publisher, distributor, etc. Princeton University Press,
Date of publication, distribution, etc. 2004.
300 ## - PHYSICAL DESCRIPTION
Pages 184 p. ;
Dimensions 16.51 x 23.5 cm
490 1# - SERIES STATEMENT
Series Statement The gorman lectures in economics.
500 ## - GENERAL NOTE
General note How can property rights be protected and contracts be enforced in countries where the rule of law is ineffective or absent? How can firms from advanced market economies do business in such circumstances? In "Lawlessness and Economics", Avinash Dixit examines the theory of private institutions that transcend or supplement weak economic governance from the state. In much of the world and through much of history, private mechanisms - such as long-term relationships, arbitration, social networks to disseminate information and norms to impose sanctions, and for-profit enforcement services - have grown up in place of formal, state-governed institutions. Even in countries with strong legal systems, many of these mechanisms continue under the shadow of the law. Numerous case studies and empirical investigations have demonstrated the variety, importance, and merits and drawbacks of such institutions. This book builds on these studies and constructs a toolkit of theoretical models to analyze them. The models shed new conceptual light on the different modes of governance, and deepen our understanding of the interaction of the alternative institutions with each other and with the government's law. For example, one model explains the limit on the size of social networks and illuminates problems in the transition to more formal legal systems as economies grow beyond this limit. Other models explain why for-profit enforcement is inefficient. The models also help us understand why state law dovetails with some non-state institutions and collides with others. This can help less-developed countries and transition economies devise better processes for the introduction or reform of their formal legal systems.<br/>
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Subject / Department Economics, Law, Lawlessness and Economics,
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Book
Holdings
Withdrawn status Not for loan Collection code Permanent Location Current Location Shelving Location Date acquired Source of acquisition Price Inventory number Full Call Number Accession No./Barcode Date last seen Koha item type
    Economics Air University Multan Campus Library Air University Multan Campus Library Economics 04/13/2011 ABSCO Books 1832.85 787 330.1 DIX P000396 01/16/2015 Book
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